Life Insurance Act

Reinsurance (Insurance Act, 1938 Section 101A to Section 101C )

1) What is Reinsurance - Reinsurance is a risk transfer mechanism whereunder an insurance company passes on the risk on an insurance polic…

What is insurance - Insurance is a plan which ensures certainty of payment for the uncertain loss. The aim of all kinds of insurances to pr…

The test of a valid insurance contract is the existence of the insurable interest. Insurable interest is nothing but an interest of su…

Multiple Type Questions and Answer...(Insurance Law) 1. Choose the correct option... A. In an insurance contract, an insurer makes an offer …

Introduction - Insurance is a contract in which one party (the insurer) agrees for payment of consideration (the premium) to make m…

In simple words, Insurance is a contract in which one party (the insurer), for a consideration (the premium), assumes a particular ri…